On the recordFebruary 26, 2003
I left that out in the list of items that have gone wrong. A $7 trillion surplus disappeared, and we have deficits as far as the eye can see. The last deficit I remember under George Bush 1 was headed to $300 billion. As I remember, it was up to $290 billion. We all pulled together and said this is an outrage. We worked hard under Bill Clinton for 8 years and got that down to a surplus which was healthy for our economy, and we had the biggest economic boom in years. It has all been squandered. World opinion has been squandered. The surplus has been squandered.
Source
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